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27 May

Hadeed raises rebar amid raw materials correction

Saudi Iron & Steel Company (Hadeed) has increased its rebar price for June deliveries by SAR 350/tonne ($93) from the previous month to SAR 3,000/t ($800) delivered nationwide. This is for both 16-32mm and 12-14mm diameter categories. The move was widely expected by market participants following the surge in raw materials prices in May, as well as the mammoth, $145/t rebar price increase earlier this month by Emirates Steel in neighbouring United Arab Emirates…
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Adam Smith  |  Poland
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